An official from the International Monetary Fund (IMF) said in a statement on Tuesday that a technical mission from the IMF will visit Egypt within the next few weeks to resume negotiations on the $4.6 billion loan that the country has requested.

Egypt officially requested the loan in August 2012 for the IMF to decide on it in December but the process was adjourned due to political instability that erupted when President Mohamed Mursi issued a constitutional decree expanding his powers in November.

Ahmed met with Mursi and Prime Minister Hisham Kandil in Cairo on Monday where Kandil told the IMF official of the cabinet's plans to recover the looming economy.

The IMF senior official described the talks with the Egyptian government as “productive.”